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    Mark Patrick, Springfield, MO

    License ID: 1999127595
    Coldwell Banker Commercial Vanguard Realtors
    Association
    Greater Springfield Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (417) 888-6612
    Office Address:
    1334 E. Republic Rd., Springfield, MO, 65804

    Performance

    Listings
    12

    Listings

    For Sale (8)

    View map
    • $1,500,000
      5,000 SF

      Battlefield Shop with Fenced Yard

      Shop and office space with fenced, secure 5-acre lot.
      6088 W Farm Road 164, Battlefield, MO 65619
      View Details
    • Contact for pricing
      55,443 SF

      Versatile Indoor Sports Facility

      55,443 SF facility on 5.86 acres in Mt Vernon, MO.
      300 W Hayward Dr, Mount Vernon, MO 65712
      View Details
    • $749,000
      26,030 SF

      Rail-Served Industrial Facility For Sale

      29,530 SF industrial facility on 1.05 acres with rail access.
      357 N Fort Ave, Springfield, MO 65802
      View Details
    • $5,000,000
      255,261 SF

      Modern Industrial/Sports Facility For Sale

      55,443 SF Mt. Vernon facility suitable for sports/industrial uses.
      300 W Hayward Dr, Mount Vernon, MO 65712
      View Details
    • $653,000

      Prime Commercial Land Opportunity

      2 acres with I-44 frontage, utilities, and B3 zoning.
      Mount Vernon Blvd, Mount Vernon, MO 65712
      View Details
    • $579,000

      Commercial Land with Highway Frontage

      Highway commercial and general manufacturing land available for sale.
      4001 W Chestnut Expy, Springfield, MO 65802
      View Details
    • $2,040,000

      Development Land Near Imagine Resort

      10.78 acres of development land in Hollister, Missouri.
      1189-1211 Birch St, Hollister, MO
      View Details
    • $1,479,667

      Freestanding Jimmy John's with Drive-Thru

      Single tenant Jimmy John's with drive-thru in Sault Sainte Marie.
      2200 Ashmun St, Sault Sainte Marie, MI 49783
      View Details

    For Lease (4)

    View map
    • Contact for pricing

      Retail Space on Battlefield Road

      Retail space available in high-traffic Springfield location.
      1258 E Battlefield Rd, Springfield, MO 65804
      View Details
    • $10 SF/Yr
      9,000 SF

      9,000 SF Manufacturing Space

      Manufacturing space for lease with office, loading dock, and grade-level
      2171 Industrial Ct, Ozark, MO
      View Details
    • $14 SF/Yr
      3,850 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 3,850 square feet.
      1258 E Battlefield St, Springfield, MO 65804
      View Details
    • $1,400 /Mo
      1,200 SF

      South Springfield Office Space

      Office space in South Springfield with private offices.
      3101 S Kimbrough Ave, Springfield, MO 65807
      View Details

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    Mark Patrick, Springfield, MO
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Mark Patrick, Springfield, MO
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